Putin Predicts Catastrophic Consequences For The Global Energy Market ...Middle East

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Putin Predicts Catastrophic Consequences For The Global Energy Market
Russian President Vladimir Putin sees catastrophic energy consequences for Europe as sanctions against his country continue. “We know that the Europeans are trying to replace Russian energy resources. However, we expect the result of such actions to be an increase in gas prices on the spot market and an increase in the cost of energy resources for end consumers,” Putin said at a televised meeting with senior officials on Friday. The result, according to Putin, is that the sanctions will be felt more acutely by Europe than by Russia.…

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